Home / Knowledge / News / Textiles / Cotton prices continued their decline in Oct - Cotlook A Index
Cotton prices continued their decline in Oct - Cotlook A Index
04
Nov '08
Cotton prices continued to decline in October. The Cotlook A Index has decreased continuously since the beginning of the season, and is now 29% lower than it was in early August 2008.

Global cotton mill use is projected to decline by 3% in 2008/09, to 25.5 million tons. In particular, mill use in China (Mainland) is expected to decline by 4% to 10.5 million tons due to rising costs of production, the strength of the yuan against the U.S. dollar, and slowing demand from textile importing countries.

World cotton production is expected to decline by 6% in 2008/09, to 24.7 million tons, due mainly to competition from alternative crops. The production drop is driven by the United States, but the 2008/09 crops are also expected to be smaller in Turkey, Brazil and Egypt. Cotton production is projected to increase in India, Pakistan and Australia.

Due to declining mill use, world cotton imports are now forecast to decline by 6% in 2008/09, to 7.8 million tons. Imports by China (Mainland) are expected to decrease by 10% to 2.3 million tons.

The ICAC Price Model 2007 forecasts the 2008/09 season-average Cotlook A Index at 73 cents per pound. However, the Secretariat believes that the 2008/09 season-average Cotlook A Index may actually be in the lower half of the 95% confidence interval, between 64 and 73 cents per pound.

The International Cotton Advisory Committee is an association of governments of cotton producing and consuming countries. The Secretariat of the Committee publishes information related to world cotton production, supply, demand and prices, and provides technical information on cotton production technology.

International Cotton Advisory Committee


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X